Rbc Discount Bond Etf Market Value
| RUDB Etf | 20.54 0.05 0.24% |
| Symbol | RBC |
RBC Discount 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to RBC Discount's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of RBC Discount.
| 04/18/2023 |
| 07/11/2024 |
If you would invest 0.00 in RBC Discount on April 18, 2023 and sell it all today you would earn a total of 0.00 from holding RBC Discount Bond or generate 0.0% return on investment in RBC Discount over 450 days. RBC Discount is related to or competes with Mackenzie Core, Mackenzie Floating, Mackenzie Unconstrained, and Dynamic Active. RBC Discount is entity of Canada. It is traded as Etf on TO exchange. More
RBC Discount Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure RBC Discount's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess RBC Discount Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.265 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 1.86 | |||
| Value At Risk | (0.34) | |||
| Potential Upside | 0.5926 |
RBC Discount Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RBC Discount's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RBC Discount's standard deviation. In reality, there are many statistical measures that can use RBC Discount historical prices to predict the future RBC Discount's volatility.| Risk Adjusted Performance | 0.0376 | |||
| Jensen Alpha | 0.0162 | |||
| Total Risk Alpha | 0.0021 | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of RBC Discount's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
RBC Discount Bond Backtested Returns
As of now, RBC Etf is very steady. RBC Discount Bond retains Efficiency (Sharpe Ratio) of 0.0942, which implies the etf had a 0.0942% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for RBC Discount, which you can use to evaluate the volatility of the entity. Please check RBC Discount's semi deviation of 0.1648, and Market Risk Adjusted Performance of (0.11) to confirm if the risk estimate we provide is consistent with the expected return of 0.0282%. The entity owns a Beta (Systematic Risk) of -0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning RBC Discount are expected to decrease at a much lower rate. During the bear market, RBC Discount is likely to outperform the market.
Auto-correlation | 0.77 |
Good predictability
RBC Discount Bond has good predictability. Overlapping area represents the amount of predictability between RBC Discount time series from 18th of April 2023 to 29th of November 2023 and 29th of November 2023 to 11th of July 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of RBC Discount Bond price movement. The serial correlation of 0.77 indicates that around 77.0% of current RBC Discount price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
RBC Discount Bond lagged returns against current returns
Autocorrelation, which is RBC Discount etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting RBC Discount's etf expected returns. We can calculate the autocorrelation of RBC Discount returns to help us make a trade decision. For example, suppose you find that RBC Discount has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
RBC Discount regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If RBC Discount etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RBC Discount etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RBC Discount etf over time.
Current vs Lagged Prices |
| Timeline |
RBC Discount Lagged Returns
When evaluating RBC Discount's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RBC Discount etf have on its future price. RBC Discount autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, RBC Discount autocorrelation shows the relationship between RBC Discount etf current value and its past values and can show if there is a momentum factor associated with investing in RBC Discount Bond.
Regressed Prices |
| Timeline |
Pair Trading with RBC Discount
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if RBC Discount position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in RBC Discount will appreciate offsetting losses from the drop in the long position's value.Moving together with RBC Etf
| 0.63 | FLGA | Franklin Global Aggregate | PairCorr |
| 0.83 | FGO | CI Enhanced Government | PairCorr |
| 0.83 | PMNT | PIMCO Global Short | PairCorr |
| 0.78 | CPLS | CIBC Core Plus | PairCorr |
| 0.79 | MGB | Mackenzie Core Plus | PairCorr |
The ability to find closely correlated positions to RBC Discount could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RBC Discount when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back RBC Discount - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling RBC Discount Bond to buy it.
The correlation of RBC Discount is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RBC Discount moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RBC Discount Bond moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for RBC Discount can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in RBC Etf
RBC Discount financial ratios help investors to determine whether RBC Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in RBC with respect to the benefits of owning RBC Discount security.